|TCMR-15 -- Israel ETF|| |
ILS 3,092 7.52 0.24%
The entity has beta of -0.0479 which indicates as returns on market increase, returns on owning TCMR 15 are expected to decrease at a much smaller rate. During bear market, TCMR 15 is likely to outperform the market. Although it is extremely important to respect TCMR-15
current price movements, it is better to be realistic regarding the information on equity historical returns. The approach into measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining TCMR-15 technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
TCMR-15 Relative Risk vs. Return Landscape
If you would invest 309,235
in TCMR-15 on February 23, 2019
and sell it today you would earn a total of 0.00
from holding TCMR-15 or generate 0.0%
return on investment over 30
days. TCMR-15 is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than TCMR 15 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
TCMR 15 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average TCMR 15 is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TCMR 15
by adding it to a well-diversified
Over the last 30 days TCMR-15 has generated negative risk-adjusted returns adding no value to investors with long positions.
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